Digi Power X (DGXX) CTO receives 50,000 options and 50,000 RSUs as equity pay

Rhea-AI Filing Summary

Digi Power X Inc. Chief Technology Officer Jeyapaul Jaganathan reported equity compensation awards rather than open‑market trades. He received employee stock options for 50,000 Subordinate Voting Shares at an exercise price of $2.3900 per share, which the footnotes state are fully vested.

He was also granted 50,000 restricted share units, each representing a right to receive one Subordinate Voting Share upon vesting. According to the vesting schedule, one‑third vests on March 23, 2027, with the remaining two‑thirds vesting quarterly over the following two years.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jeyapaul Jaganathan

(Last) (First) (Middle)

218 NW 24TH STREET, 2ND FLOOR

(Street)

MIAMI FLORIDA 33127

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Digi Power X Inc. [ DGXX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee option (right to buy)	$2.39	03/23/2026		A		50,000		03/23/2026	03/23/2031	Subordinate Voting Shares	50,000	$0	50,000(1)	D
Restricted Share Units	$0	03/23/2026		A		50,000		(2)	(2)	Subordinate Voting Shares	50,000	$0	50,000(3)	D

Explanation of Responses:

1. The options are fully vested.

2. Represents restricted share units issued pursuant to Digi Power X Inc.'s (the "Company") Restricted Share Unit Plan. Each restricted share unit represents a contingent right to receive one subordinate voting share of the Company as of the vesting date.

3. The restricted share units are scheduled to vest as follows: one-third (1/3) will vest on March 23, 2027 and the remaining two-thirds (2/3) will vest quarterly over the two years following March 23, 2027.

	/s/ Jaganathan Jeyapaul	03/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What equity awards did Digi Power X (DGXX) grant to its CTO?

Digi Power X granted its CTO 50,000 stock options and 50,000 restricted share units. The options allow purchase of Subordinate Voting Shares at $2.3900, while the RSUs convert into shares upon future vesting, providing both immediate and long-term equity incentives.

Were the Digi Power X (DGXX) stock options to the CTO immediately vested?

Yes, the footnotes state that the 50,000 employee stock options granted to the CTO are fully vested. Although fully vested, they must still be exercised at the $2.3900 strike price to convert into Subordinate Voting Shares and create actual share ownership.

How do the CTO’s Digi Power X (DGXX) RSUs vest over time?

The 50,000 restricted share units vest in stages. One-third vests on March 23, 2027, while the remaining two-thirds vest quarterly over the next two years, spreading delivery of Subordinate Voting Shares across an extended period.

Does this Digi Power X (DGXX) Form 4 show insider buying or selling in the market?

No, the Form 4 reflects equity compensation grants, not open-market buying or selling. The CTO received stock options and restricted share units from the company, recorded as derivative acquisitions rather than purchases or sales on a stock exchange.

What type of security underlies the CTO’s Digi Power X (DGXX) awards?

Both awards are tied to Subordinate Voting Shares of Digi Power X. The stock options can be exercised into 50,000 Subordinate Voting Shares, while the 50,000 RSUs each represent a contingent right to receive one Subordinate Voting Share upon vesting.

What is the exercise price and expiration date of the Digi Power X (DGXX) options?

The 50,000 employee stock options have an exercise price of $2.3900 per share and an expiration date of March 23, 2031. The CTO can choose when to exercise within this period, subject to the company’s applicable policies.